FX.co ★ U.S. Non-Defense Goods Orders Ex-Aircraft Decline by 0.2% in October

In a surprising turn, U.S. non-defense capital goods orders, excluding aircraft, experienced a decline of 0.2% in October 2024, as revealed in data updated on November 27. This decline comes after a 0.3% increase recorded in September 2024. The month-over-month analysis underscores a shift from the positive momentum seen the previous month.

The latest figures suggest a cooling in demand for core capital goods, which are considered a key indicator of business confidence and investment plans. Economists and market analysts were caught off guard by this downturn, marking a potential pause or adjustment in business investment dynamics within the U.S. economy.

This change could have implications for the broader economic outlook, particularly as businesses weigh the impacts of an uncertain global economic environment. Stakeholders will be looking closely at upcoming data to assess whether this decline is an isolated incident or part of a larger trend.